Best of Tuolumne County

Once again, for the 3rd year in a row, Prudential California Realty was voted Best Real Estate Company in Tuolumne County by the readers of The Union Democrat! Thank you, Tuolumne County, and all of our loyal clients for your faith in us.

At Prudential California Realty we constantly strive to be the best, and we're honored that you think so, too!

In surveys conducted of our clients, we have a 98% satisfaction rating.

Our core values include being worthy of our clients' trust, being customer focused, having respect for each other and accepting the challenge to be a winning team.

Thank you again, and we look forward to working with you all in the future!

Tuolumne County Market Conditions

The Angels Camp market is in a "Buyer's" market, with currently 175 Residential listings, and a median price of $399,900. Average Days on Market is currently 124, and is improving. Home prices have dropped in the past year, but are levelling off.



The Arnold Real Estate market is thriving. Prices have dropped in the past year, but are beginning to level off now, and we are in a "Buyer's" market. There are currently 241 Residential listings, median price $399,000, and the average Days on Market is 114, and is improving.



The Real Esate Market in Jamestown and the surrounding area has been thriving the past few years, setting record-level prices.Prices have dropped in the past year, and we are in a "Buyer's" market. There are currently 65 Residential listings, with an average sales price of $387,402, median sales price of $309,000, and 156 average days on market.



The Real Estate Market in Sonora and the surrounding area has been robust the past few years, setting record high prices. Today the market has shifted into a "Buyer's" market, prices have dropped, but are beginning to level off. There are currently 317 Residential listings, with an average price of $449,254, median price of $379,000, and average days on market 150.

Mortgage News

WASHINGTON (Associated Press) - The Federal Reserve has adopted a new plan intended to curb shady lending practices that sent home foreclosure rates to record highs.

The plan will:
●Prevent loans made without documentation of borrower's income
●Require lenders to escrow money to pay taxes and insurance for risky borrowers
●Limit - and, in some cases, ban - prepayment penalties
●Prohibit lenders from making a loan without considering a borrower's ability to repay a home loan from sources other than the home's value
●Require mortgage advertising to contain information about rates, monthly payments and other features of the loan
●Require that lenders credit a mortgage payment to a homeowner's account on the day it is received
●Forbid brokers and others from "coercing or encouraging" an appraiser to misrepresent the value of a home.

Most of the rules take effect Oct. 1. Escrow requirements will take effect April 1, 2010.More information is available on the Federal Reserve Board's website.

Hopefully these new rules and regulations will help the consumers in the future when it comes to making more educated decisions on their loans.

Twain Harte 4th of July Parade

The annual Twain Harte 4th of July Parade was attended by many, enjoyed by all!

Weekly Tuolumne County Market Statistics

Weekly Stats, Week Ending 5/18/08

RESIDENTIAL
Active: 549 Avg. DOM:146
Pending: 78 Avg. DOM: 114
Sold 5/12- 5/18: 4 Avg. DOM: 99 Avg Sales Price: $266,500
Sold YTD: 136 Avg. DOM: 153 Avg. Sales Price: $315,588

MOBILE/MANUFACTURED
Active: 82 Avg. DOM: 148
Pending: 7 Avg. DOM: 108
Sold 5/12-18: 0
Sold YTD: 21 Avg. DOM: 119 Avg. Sales Price: $60,442

LOTS/LAND
Active: 290 Avg. DOM: 226
Pending: 9 Avg. DOM: 143
Sold 5/12-18: 3 Avg. DOM: 156 Avg. Sales Price: $131,333
YTD Sold: 33 Avg. DOM: 268 Avg. Sales Price: $173,742

Information provided by Linda Olson, Realtor, Prudential California Realty. Call Linda at 209.533.3333 ext. 122.

Weekly Tuolumne County Market Statistics

Week Ending 5/11/08:

Residential
Active: 538 Avg. DOM: 148
Pending: 78 Avg. DOM: 94
Sold Last Wk: 5 Avg. DOM: 125
Sold YTD: 128 Avg. Dom: 158

Mobile Homes/Manufactured
Active: 80 Avg. DOM: 140
Pending: 5 Avg. DOM: 96
Sold Last Wk: 0
Sold YTD: 21 Avg DOM: 119

Lots/Land
Active: 285 Avg. DOM: 227
Pending: 11 Avg. DOM: 145
Sold Last Wk: 2 Avg. DOM: 279
Sold YTD: 30 Avg. DOM: 113

Thanks to Linda Olson, Realtor with Prudential California Realty, Sonora Office. Linda can be reached at 209.533.3333 ext. 122, linda@pcr1.com

Weekly Tuolumne County Market Statistics

Residential Homes:
Active: 530 Average Days On Market: 146
Pending: 71 Average Days On Market: 93
Sold last week: 9 Average Days On Market: 147
Sold YTD: 123 Average Days On Market: 160

Mobile/Manufactured Homes
Active: 72 Average Days On Market: 144
Pending: 7 Average Days On Market: 91
Sold last week: 2 Average Days On Market: 105
Sold YTD: 21 Average Days On Market: 105

Lots/Land
Active: 284 Avg. DOM:231
Pending: 13 Avg. DOM: 127
Sold last week: 0
Sold YTD: 28 Avg. DOM: 291

Information posted by Linda Olson, Sales Associate. To contact Linda, call 209.533.3333 ext. 122 or email linda@pcr1.com